Sunday, October 18, 2009

U.S.--a banana republic?

According to Senator Judd Gregg, the "Ranking Republican on the Senate Budget Committee" and "one-time Obama cabinet pick," "we’re basically on the path to a banana-republic-type of financial situation in this country" (CNN).

A "banana republic" is a politically and economically unstable country that usually controlled by a dictator.

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